05:02 PM EDT, 03/18/2024 (MT Newswires) -- StoneCo ( STNE ) reported Q4 adjusted earnings Monday of 1.76 Brazilian reais ($0.35) per diluted share, up from 0.63 Brazilian reais.

Analysts polled by Capital IQ expected 1.48 reais.

Revenue for the quarter ended Dec. 31 was 3.25 billion reais, up from 2.71 billion reais a year earlier.

Analysts surveyed by Capital IQ expected 3.41 billion reais.

The company expects 2024 adjusted net income of over 1.9 billion reais. Analysts polled by Capital IQ expect 2 billion reais.

Shares of the company were down nearly 7% in after-hours activity.

Price: 16.3, Change: -1.17, Percent Change: -6.71